LAMEA Portable Bluetooth Speaker Market

LAMEA Portable Bluetooth Speaker Market Size, Share & Industry Trends Analysis Report By Price Point (Economy, Mid-Range, and Premium), By Application (Residential, and Commercial), By Distribution Channel, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-18319 Publication Date: October-2023 Number of Pages: 147
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Market Report Description

The Latin America, Middle East and Africa Portable Bluetooth Speaker Market would witness market growth of 12.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 20,680.9 thousand units, showcasing a growth of 13.8% (2023-2030).

Portable Bluetooth speakers are commonly used for personal music enjoyment. They permit users to listen to their favorite music indoors, outdoors, or on the go. They can enhance the audio experience when watching movies or TV shows on smartphones, tablets, or laptops, providing better sound quality than built-in speakers. The speakers often provide background music at picnics, barbecues, and outdoor gatherings. Compact and rugged Bluetooth speakers are ideal for camping trips, providing music and entertainment in remote locations. Hikers can enjoy music while on the trail owing to the portability and durability of these speakers.

In emergencies, portable Bluetooth speakers can broadcast important information and instructions to a wide audience, especially when traditional communication systems are unavailable. Some public spaces, such as parks and beaches, may install Bluetooth-enabled public address systems to provide visitors with information, safety announcements, or music. These applications demonstrate the versatility of these speakers in enhancing audio experiences and providing sound solutions in various settings. Manufacturers continue to innovate and adapt their products to cater to the specific needs of these different applications.

As more South Africans engage in outdoor adventures such as hiking, camping, and picnics, portable Bluetooth speakers have become popular for providing music and entertainment in natural settings. South Africa is a famous tourist destination for its natural beauty and wildlife. Tourists often bring portable Bluetooth speakers to enhance their travel experiences by enjoying music during safaris, at the beach, and in lodges. Many South Africans enjoy outdoor workouts and fitness activities. Bluetooth speakers provide motivation and music during workouts in parks, on trails, and at outdoor gyms. As more individuals and tourists seek to enjoy music, podcasts, and entertainment while exploring the outdoors, the market for portable Bluetooth speakers is likely to continue growing.

The Brazil market dominated the LAMEA Portable Bluetooth Speaker Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $630.9 million by 2030. The Argentina market is showcasing a CAGR of 13.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 12.2% during (2023 - 2030).

Based on Price Point, the market is segmented into Economy, Mid-Range, and Premium. Based on Application, the market is segmented into Residential, and Commercial. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Portable Bluetooth Speaker Market is Projected to reach USD 25.2 Billion by 2030, at a CAGR of 11.1%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Harman International Industries, Inc., Bose Corporation, Sony Corporation, Marshall Group AB(Zound Industries International AB), Apple Inc., Bang & Olufsen A/S, Logitech International S.A, Plantronics, Inc., VOXX International Corporation and Fugoo.

Scope of the Study

Market Segments Covered in the Report:

By Price Point (Volume, Thousand Units, USD Billion/Million, 2019-2030)

  • Economy
  • Mid-Range
  • Premium

By Application (Volume, Thousand Units, USD Billion/Million, 2019-2030)

  • Residential
  • Commercial

By Distribution Channel (Volume, Thousand Units, USD Billion/Million, 2019-2030)

  • Offline
  • Online

By Country (Volume, Thousand Units, USD Billion/Million, 2019-2030)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Harman International Industries, Inc.
  • Bose Corporation
  • Sony Corporation
  • Marshall Group AB (Zound Industries International AB)
  • Apple Inc.
  • Bang & Olufsen A/S
  • Logitech International S.A
  • Plantronics, Inc.
  • VOXX International Corporation
  • Fugoo
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